MGI KMO

Active

Private limited companyfounded 2020active for 6 yearsBeentjesstraat 59, 9850 Deinze, BelgiumKBO/BCE: BE 0740.908.962

Summary

MGI KMO has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€21,673) and a net result of -€13,719. Equity is shrinking by about 61% per year across the filed financial years. Its solvency ranks better than 13% of 246 sector peers (NACE 68, financial year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

MGI KMOActiveChecked score 53/100

Risk analysis Report Compare

Activity

Buying and selling of own real estate

NACE 68110

1 site

Size

€341,007total assets 2026

Equity: -€21,673
Loss: -€13,719

Turnover not published (abbreviated or micro format)

Financial health

53 Fair Checked score 2026

Bankruptcy probabilitywithin 12 months: 0.4%

Structure

Parent: MG INVESTMENT · 100%

MG InvestmentDirector · permanent representative Devuyst,Laure Marthe Frauke

2026 accounts 31 days early1 of 2 deeds summarised

Why 53raises riskCapped at 59: negative equityNegative equity -€21,673Founded in 2020lowers riskSize: total assets €341,007Sector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2026

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 13% of its sector peers (NACE 68, micro)

Negative equity caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2025

Weak

Solvency 19-4

equity -6.4% of total assets

Liquidity 15+8

short-term debt 106.4% · cash 11.6%

Profitability 23=

return on assets -4.0%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,614 companies, NACE 68, micro)

Last 24 months 11-2024: 1.6% 12-2024: 1.6%● unchanged vs 11-2024 01-2025: 1.6%● unchanged vs 12-2024 02-2025: 1.7%▲ +0.1 percentage points vs 01-2025highest value 03-2025: 1.7%● unchanged vs 02-2025highest value 04-2025: 1.6%▼ -0.1 percentage points vs 03-2025 05-2025: 1.6%● unchanged vs 04-2025 06-2025: 1.6%● unchanged vs 05-2025 07-2025: 1.6%● unchanged vs 06-2025 08-2025: 1.6%● unchanged vs 07-2025 09-2025: 1.6%● unchanged vs 08-2025 10-2025: 1.1%▼ -0.5 percentage points vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.2%▲ +0.1 percentage points vs 03-2026 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026 07-2026: 1.2%● unchanged vs 06-2026 08-2026: 1.3%▲ +0.1 percentage points vs 07-2026 09-2026: 1.3%● unchanged vs 08-2026 10-2026: 0.4%▼ -0.9 percentage points vs 09-2026lowest value

No credit on open account

Liquidity insufficient (current ratio 0.12, compared with 0.1 in 2025, below 1; short-term debt: 106.4% and cash: 11.6% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 15% on solvency, 13% on liquidity, 22% on profitability and 3% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Size: total assets €341,007

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity -€21,673

NBB · annual accounts

Sector: Real estate activities (NACE 68)

KBO

Founded in 2020

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

Negative equity

The 2026 annual accounts show negative equity and a net loss.

NBB · annual accounts 2026

Equity per financial year

212223242526

2021 to 2026 · latest year -€21,673

Latest accounts filed on time

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-09-2026, 31 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2026

31 days early

2025

37 days early

2024

on the day

2023

35 days early

2022

20 days early

2021

3 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 21 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

26-10-2026 today31-03-2027 year end31-10-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-09-2026 Annual accounts filedfinancial year 2026 · abbreviated…
24-09-2025 Annual accounts filedfinancial year 2025 · abbreviated…
31-03-2025 Weakest financial yearnet -€13,876

Key points

Risk: Negative equityfinancial year 2026: debts exceed assets -€21,673 View
Risk: 4 loss-making years in a rowloss financial year 2026 -€13,719 View
Caution: Among the weakest 14% on solvencysector median 40.4% · 246 companies -6.4% View
Controlled by MG INVESTMENT 100% View
Positive: Always filed on timeaccounts within the deadline every year 6 years View

By topic

Financials

Financial year: 2026
Total assets: €341,007
Loss: -€13,719
Solvency: -6.4%

Total assets▼ 2.1%

Net result

20212026

Go to Financials

Board & ownership

Board: 1 member
Parent: MG INVESTMENT · 100%

MG InvestmentDirector

Go to Board & ownership

Timeline

Events: 8
Since: 2021
Next accounts: by 31-10-2027

31-10-2024Annual accounts filed
11-09-2024Resignation: Guy Mortreu (director)
26-09-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Buying and selling of own real estateNACE 68110
Founded: 08-01-2020
Year ends: 31-03
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 20

Annual meeting: Third Friday of September at 17:00

Go to Articles of association

Key facts about MGI KMO

What is the company number of MGI KMO?: 0740.908.962. In Belgium the VAT number is the company number with BE in front: BE 0740.908.962.
Where is MGI KMO based?: The registered office is at Beentjesstraat 59, 9850 Deinze.Company details
What does MGI KMO do?: According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of MGI KMO?: Private limited company (BV).
When was MGI KMO founded?: On 08-01-2020.
Is MGI KMO still active?: Yes, MGI KMO is an active enterprise in the KBO register.
What is the turnover of MGI KMO?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is MGI KMO profitable?: In financial year 2026, MGI KMO made a loss of €13,719.
Where can I find the annual accounts of MGI KMO?: MGI KMO filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of MGI KMO due?: By 31-10-2027, for financial year 2027.Timeline

Companies related to MGI KMO

Parent and group

MG INVESTMENT100%

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Overview